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Top News & Analysis Texas

  • SEATTLE, Aug 28- BNSF Railway Co has called back roughly 4,000 of the 5,000 workers who were furloughed across its system last year, reflecting stronger volumes of coal, grain and intermodal containers and trailers, a spokesman said. Like other major U.S. railroads, the company owned by billionaire investor Warren Buffett's Berkshire Hathaway Inc has shed...

  • Aug 28- The U.S. Army Corps of Engineers is starting to release water from two Houston- area reservoirs, which will cause flooding of homes in the surrounding communities, because the reservoirs have risen too quickly due to Tropical Storm Harvey, the agency said in a statement. Water is being released from the Addicks and Barker into Buffalo Bayou, the primary body...

  • US ARMY CORPS OF ENGINEERS STARTING WATER RELEASES FROM HOUSTON-AREA RESERVOIRS BECAUSE WATER LEVELS HAVE' INCREASED DRAMATICALLY IN THE LAST FEW HOURS- STATEMENT.

  • All Port of Houston facilities closed

    Roger Guenther, Port of Houston executive director, provides details on the current state of the Port of Houston.

  • Hurricane Harvey devastates parts of Texas as heaving rains continue

    CNBC's Jackie DeAngelis reports on the latest rescue and relief efforts after Hurricane Harvey slammed Texas causing catastrophic flooding.

  • *Storm to linger off coast of Texas through Tuesday. LONDON, Aug 28- Oil markets were roiled on Monday after Tropical Storm Harvey wreaked havoc along the U.S. Gulf Coast over the weekend, crippling Houston and its port, and knocking out numerous refineries as well as some crude production. Harvey is the most powerful hurricane to hit Texas in more than 50 years,...

  • Harvey hits oil as crude prices dip  and pressures gasoline

    John Kilduff, Again Capital explains how Hurricane Harvey has disrupted the crude market as refineries shut down.

  • Historic flooding hits Texas triggers overwhelming': economic costs: Enki Holdings' Chuck Watson

    Chuck Watson, Enki Holdings founder, talks about the historic floods sweeping Texas in the wake of Hurricane Harvey, and the economic and financial consequences of the disaster.

  • Key ports closed in Texas as Harvey hits Houston hard

    CNBC's Brian Sullivan reports on the impact Hurricane Harvey has on key shipping channels in Texas as major refineries shut down.

  • A car surrounded by floodwaters in Point Comfort, Texas.

    Angie Lassman, WTVJ meteorologist, reports more rain is forecasted for Texas as catastrophic flooding sweeps the state.

  • Aug 28- Goldman Sachs analysts say gasoline and distillate product refining margins are likely to rise further in the wake of Tropical Storm Harvey, which is expected to drop more than 50 inches of rain in parts of Texas throughout the week. More than 2 million barrels of refining capacity has been shut in already as a result of the storm, and it will take days to...

  • LONDON, Aug 28- U.S. gasoline futures jumped to two-year highs while an already weak dollar hit 16- month lows against a basket of currencies on Monday as Tropical Storm Harvey pummelled the heart of the U.S. energy sector and raised concerns about the economy. Federal Reserve Chair Janet Yellen failed to mention monetary policy in a closely watched speech at...

  • *Harvey was set to dump more rain on Houston on Monday. FRANKFURT, Aug 28- Damages from Harvey, the hurricane and tropical storm ravaging Houston and the Texas Gulf Coast, are estimated to be well below those from major storms that have hit New Orleans and New York, according to Hannover Re on Monday. Harvey was set to dump more rain on Houston on Monday, worsening...

  • HOUSTON, Aug 28- Tropical Storm Harvey was set to dump more rain on Houston on Monday, worsening flooding that has paralyzed the country's fourth biggest city, forced thousands to flee surrounding counties and swollen rivers to levels not seen in centuries. Authorities ordered more than 50,000 people to leave parts of Fort Bend County, about 35 miles southwest...

  • FRANKFURT, Aug 28- Damages from Harvey, the hurricane and tropical storm ravaging Houston and the Texas Gulf Coast, are estimated to be well below those from major storms that have hit New Orleans and New York, according to Hannover Re on Monday. Hannover Re, one of the world's largest reinsurers, said that insured losses for Katrina in 2005 were around $80 billion,...

  • LONDON, Aug 28- The euro climbed to a 2-1/ 2- year high close to $1.20 in thin trade on Monday, extending gains made at the end of last week after the head of the European Central Bank held back from talking down the buoyant currency. By 0740 GMT, the euro was up 0.1 percent at $1.1926, having touched $1.19665 in Asian trade, its highest since January 2015.

  • HOUSTON, Aug 28- Tropical Storm Harvey was set to dump more rain on Houston on Monday, worsening flooding that has paralyzed the country's fourth biggest city, forced thousands to flee and swollen rivers to levels not seen in centuries. Authorities ordered more than 50,000 people to leave parts of Fort Bend County, about 35 miles southwest of Houston as the Brazos...

  • *Dollar weakens after Jackson Hole speeches sap sentiment. TOKYO, Aug 28- Japanese stocks ended flat in thin trade on Monday, as investors assessed the impact of a weaker dollar following the Jackson hole central bank conference and casualty insurers fell on worries about the impact of Tropical Storm Harvey. The dollar came under pressure after Federal Reserve...

  • SINGAPORE, Aug 28- Oil markets were roiled on Monday after Hurricane Harvey wreaked havoc along the U.S. Gulf coast over the weekend, crippling Houston and its port, and knocking out numerous refineries as well as some crude production. Harvey is the most powerful hurricane to hit Texas in more than 50 years, killing at least two people, causing large-scale...

  • HOUSTON, Aug 28- Tropical Storm Harvey was set to dump more rain on Houston on Monday, adding to catastrophic flooding that paralyzed the fourth most populous U.S. city and prompted mass evacuations in nearby counties as rivers hit crests not seen for centuries. Schools, airports and office buildings in Houston were ordered shut on Monday as scores of roads were...